295 English PlBasking RidgeNJ07920
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Basking Ridge at 295 English Pl, Basking Ridge, NJ, 07920 listed at $385,000 pairs $3,126/mo rent with a $1,884/mo payment to leave $8/mo cash flow. Total monthly income runs $3,126/mo, and annual cash flow reaches $98/yr on $127,628 cash to close. Return on cash invested measures 19.99% in year one, and rental yield registers 9.74% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 105.78% and total cumulative return in cash totals $135,010. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,126/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
$374 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07920, Basking Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,074 (100%) |
| Owner Occupied HU | 8,740 (78.9%) |
| Renter Occupied HU | 1,861 (16.8%) |
| Vacant Housing Units | 473 ( 4.3%) |
| Median Home Value | $874,651 |
| Average Home Value | $959,629 |
Housing Distribution
Address Breakdown
Residential
10,857
Single Family
10,296
Multi-Family
561
Businesses
492
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Listed by: Brian Doliner • Weiniger Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3929954
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